505 E Rutland Street Covington, LA $ 1,495,000
505 E Rutland Street
$ 1,495,000
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505 E Rutland Street

Covington, LA, 70433
$ 1,495,000
Bedrooms6 Baths3.1 Sq 4,846

Monthly Estimate*

$ 10,443

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Commercial Property for sale in Covington, LA

for $1,495,000 with 6 bedrooms and 3 full baths, 1 half bath. This 4,846 square foot building was built in 1923 on a lot size of 0.44.

First time on the market in 23 years! Prime location in beautiful downtown Covington's Division of St. John business district. Located at the southeast corner of E. Rutland Street and S. Jahncke Avenue. The land parcel has approximately 19,005 SF of land, and the house has approximately 4,846 SF of living area. Large living rooms with high ceilings, beautifully landscaped yards and gardens. Onsite parking, off street parking, and OxLot #2 parking available for customers and employees. The main building was constructed in 1922 and the addition was build in 2005. The business is very consist and profitable, without being on a reservation system or utilizing all the guest rooms. Excellent book of loyal clientele that are repeat customers, website, registered trade name included with the sale. Property could also be used for single family residential, with a fantastic in-law / housekeeper suite. As a B&B there are 6 units all with separate entrances. The 4 downstairs units have one bedroom. The two upstairs units have two bedrooms. As a single family house, there are 8 Bedrooms, 6 1/2 bathrooms. There are large spacious living areas, formal dining room, and an in-law suite your in-laws for die for! Enjoy your enchanted backyard that would sure to keep kids well occupied and captivated, rather than spending days and hours on a cell phone. This location is an easy walk to downtown dining and entertainment, The Trail Head (Trace) and nearby schools and faith based organizations, one block from the Southern Hotel, and 3 blocks to the Bogue Falaya Park

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Commercial Active

Price

$ 1,495,000

Bedrooms

6

Full Bath

3

Half Bath

1

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.44

Year Built

1923

Town/City

Covington

County/Region

Saint Tammany

MLS | Web ID

2439550

Features
General
Sewer Public Sewer
Zoning CO
Construction Materials Brick Concrete Wood Siding
Year Built 1923
Stories 2
Levels Two
County St. Tammany
Property Type Commercial Sale
Subdivision Name Covington
Other Structures Living Quarters
Total Rooms 20
Status Active
Directions From Boston Street turn south on either N. Vermont of N. New Hampshire to E. Rutland to southeast corner of N. Vermont and E. Rutland
City Covington
Buyer Agent Compensation 2.5
Association Name No
Street Name RUTLAND
Days on Market 34
Structure Type Hotel/Motel Mixed Use Office
Standard Status Active
Buyer Agent Compensation Type %
Legal Description Lot 4 and part of Lots 3 5 6 Square 2 Division of St. John Covington St. Tammany Parish Louisiana
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Exterior
Parking Features Covered Off Street Parking Lot
Lot Features City Lot Irregular Lot Oversized Lot
Water Source Public
Lot Size Area 0.44
Building Area Total 5705
Lot Dimensions 19 005 SF
Lot Size Acres 0.44
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Interior
Full Baths 0
Half Baths 0
Street Suffix Street
Total Bedrooms 0
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* Excluded Features
List By
Keller Williams Realty Services

Broker

edwardmurphy@kw.com

Email

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$10,443
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Monthly Principal & Interest
$10,443
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
476401 Elementary School
475975 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2024$1,495,000 Listed Price

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505 E Rutland Street, Covington, LA, 70433 is a Commercial Property for sale at $1,495,000 with 4,846 sqft and a lot size of 0.44. 505 E Rutland Street has 6 bedrooms, 3.1 baths, and was built in 1923. The property's zip code is 70433 which is in Covington, LA